|Bid||60.52 x 300|
|Ask||61.49 x 300|
|Day's Range||59.99 - 60.69|
|52 Week Range||58.76 - 74.28|
|PE Ratio (TTM)||16.72|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||2.16 (3.38%)|
|1y Target Est||73.05|
As demand for organic food increases, Hain Celestial’s (HAIN) growth prospects look bright. The company has an extensive cost-containment initiative, Project Terra. However, increasing brand marketing, commodity inflation, rising freight costs, and stiff competition continue to be a concern. The company’s US segment has continued to underperform, adding to its woes. This year, Hain Celestial’s stock price had fallen 24.7% as of April 17, 2018.
Forward PE (price-to-earnings) multiples (stock price divided by analysts’ earnings estimates for the next four quarters) are among most used metrics for making investment decisions. As of April 17, 2018, Hain Celestial (HAIN) was trading at a 12-month forward PE ratio of 17.2x. Since its fiscal 2Q18 release on February 7, 2018, its valuation multiple has fallen 11.1%. The company is trading at a higher valuation multiple than Campbell Soup (CPB), Kellogg (K), and Conagra Brands (CAG), which are trading at 12-month forward PE ratios of 13.2x, 14.1x, and 16.5x, respectively.
A strong ethical culture at a company is widely seen as a bulwark against compliance failures, because it makes employees more prone to question what they see as unethical behavior. Enron Corp. famously had a high-sounding code of ethics that failed to deter its executives from an accounting fraud that brought down the company. and Dell Inc. decided they needed to embed their codes of ethics more effectively within their businesses.
Organic and natural food manufacturer and marketer Hain Celestial’s (HAIN) stock price had fallen 24.7% year-to-date as of April 17, 2018. The company has been facing increasing costs and stiff competition.
Analysts expect Hershey (HSY) to post adjusted earnings per share (or EPS) of $1.41 in 1Q18, which reflects year-over-year (or YoY) improvement of 7.6%. The expected earnings also reflect sequential improvement as Hershey’s EPS fell 12.0% YoY in 4Q17. Hershey’s 4Q17 bottom line took a hit from weak volumes and higher costs, and unfavorable mix provided further pressure.
BATTLE CREEK, Mich., April 19, 2018 /PRNewswire/ -- Chocolate lovers will be singing a new tune when Kellogg's® Chocolate Frosted Flakes™ hits bowls and playlists today with the first record to ever be made out of actual cereal – so that when you are done listening to new release "Hello" from Simon Cowell-backed boy band PRETTYMUCH, you can enjoy the sweet taste of Chocolate Frosted Flakes™. The delicious, vinyl-inspired record features a core of Chocolate Frosted Flakes, topped with layers of milk and dark chocolate. Pressed in a 3D-printed mold to create playable grooves, the limited-edition record features a silhouette of Tony the Tiger, to showcase the crunchy, chocolatey Chocolate Frosted Flakes.
Most analysts have maintained a neutral outlook on McCormick (MKC) stock given the tough retail environment and the company’s high debt after its RB Foods acquisition. The rise of private label products also remains a concern.
McCormick has been generating stellar earnings growth over the past two quarters. The company’s bottom line grew 31.6% YoY (year-over-year) in fiscal 1Q18, while it increased 21.3% in fiscal 4Q17. McCormick’s strong sales and impressive margins have continued to drive its earnings higher. However, higher interest, commodity, and transportation costs remain a drag.
McCormick’s (MKC) top-line growth has improved significantly over the past two quarters, thanks to incremental sales of its acquired brands, which contributed more than half of this growth. During the last reported quarter, McCormick’s acquired brands, Giotti and RB Foods, added ~2.4% to its overall sales growth of 19%.
Moody's Investors Service commented that the announced sale of Hearthside to Charlesbank Capital Partners and Partners Group does not immediately impact Hearthside's ratings or outlook. On April 17, 2018, ...
Packaged food manufacturer stocks in the US have been trading in the red and could disappoint investors in upcoming quarters. The soft organic sales (excludes the impact of M&A and currency movements) trend amid the consumer shift towards healthy foods and pressure on margins from the inflation in raw material and logistics costs continue to take a toll on food stocks.
Food stocks have been a staple of investors’ portfolios for decades and have rewarded them with fat returns throughout that time. However, the food companies behind those returns have also made non-investors fat, though not financially, thanks to their sugar-laden, nutrition-deprived offerings. That’s led to a concerted effort among consumers to eat healthier in an […]
BATTLE CREEK, Mich. , April 13, 2018 /PRNewswire/ -- Kellogg Company (NYSE: K) plans to issue its 2018 first quarter financial results at approximately 8:00 am EDT on Thursday , May 3, 2018. The following ...
Kellogg's (K) higher focus on brand building, cost-saving initiatives and expansion into emerging markets are likely to drive growth.
Many U.S. multinationals are opting to disclose their proportion of workers abroad under new Securities and Exchange Commission rules, illuminating how overseas jobs at these companies are growing faster ...
Going healthy didn’t work. To get consumers to eat cereal amid declining sales, big food companies are doubling down on sugary goodness.
J.M. Smucker (SJM) has announced the acquisition of Ainsworth Pet Nutrition, one of the leading pet food and snack manufacturers and distributors in the United States, for $1.9 billion. The move comes at a time when packaged food manufacturers are eyeing fast-growing brands and avenues to accelerate sales growth since demand for their traditional brands remains low. The above graph shows that J.M. Smucker’s pet portfolio is likely to expand with Ainsworth, which is a big positive as the pet foods market continues to grow at a healthy rate.
BATTLE CREEK, Mich., April 3, 2018 /PRNewswire/ -- U.S. Paralympic Snowboarder and Team Kellogg's™ member, Mike Schultz, won the gold medal for Team USA in the Snowboard-Cross and the silver medal in the Banked Slalom this month at the Paralympic Winter Games PyeongChang 2018. To celebrate Schultz's victories, Kellogg's® has announced that he will be the first U.S. Paralympian to be featured on a Gold Medal Edition box of Corn Flakes®.
NEW YORK , April 3, 2018 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty ...
BATTLE CREEK, Mich., April 2, 2018 /PRNewswire/ -- Scott Salmon, Chief Customer Officer, shares how Kellogg is working to make a difference and reduce hunger. Kellogg knows that the greatest impact we can have is with our foods – reducing hunger and working with others to improve the sustainability of our ingredients. To raise awareness of the issue of hunger and to help provide meals for those in need, Kellogg is partnering with Walmart again this year, participating in its Fight Hunger.
How ironic is it that spices maker McCormick & Co (NYSE:MKC) has a “bland” stock despite its “zesty” financial performance? Indeed, there is plenty to like about MKC stock besides how it lends itself to bad puns. McCormick earlier this week reported a solid quarter and gave bullish guidance as it continues to reap the benefits from last year’s $4.2-billion acquisition of the food business of Reckitt Benckiser (RB Foods — the parent of French’s Mustard, Cattleman’s brand and Frank’s RedHot sauce) and its 2016 purchase of Italian flavor company Enrico Giotti for $126 million.